New York. The price of Texas intermediate oil (WTI) closed this Tuesday with a drop of 0.5%, to 87.31 dollars a barrel, after the publication of the latest data on inflation in August in the United States, which has been higher than expected. expected.
At the end of operations on the New York Mercantile Exchange (Nymex), WTI futures contracts for delivery in October added 0.47 dollars compared to the previous close.
Today it was announced that inflation in the United States fell again in August, for the second consecutive month, and placed its year-on-year rate at 8.3%, two tenths less than in July, according to data published this Tuesday by the Bureau of Labor Statistics ( BLS).
However, compared to the previous month, consumer prices rose one tenth, after having remained stable in July and despite the sharp fall recorded by fuels, such as gasoline, which registered a decrease of 10.6%.
This drop comes after several days on the rise boosted by renewed investor concerns about the tight balance between supply and demand.
On the other hand, OPEC + agreed today that it will cut production by 100,000 barrels per day in October.
Meanwhile, the measure reverses a production increase agreed last month. Natural gas futures for October gained more than 3 cents to $8.28, and gasoline futures due the same month also gained more than 3 cents to $2.48 a gallon.
On Monday, the price of intermediate oil from Texas rose 1.1% to 87.78 dollars a barrel, extending the good streak of recent days given the prospect of a tight supply. At the end of operations that day, WTI futures contracts for October totaled US$0.99.
